BTC/USDT – 1H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.

An ascent up to the next resistance at 119450.000000000 is expected.

Caution: A possible reversal of the trend in the direction of support at 114723.160000000 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘RSI cross above 70’ indicator signal is discovered. The indicator shows ‘RSI cross above 70’. which could be a positive chart scenario. The currency pair is likely to rise.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 120247.8 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 119450.000000000 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

119450.000000000 – 119273.360000000 – 120247.800000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 72.095280091073 – 73.44974319746

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – –